Job Description
The Manager, Asset Management will lead a wide range of activities all directed toward the same goal: maximizing the profitability of Reactivate’s operating assets.
About Reactivate ☀️
Reactivate is powered by Lafayette Square and Invenergy, bringing together complementary impact investment and sustainable energy expertise to support renewable energy projects, create job opportunities, bring energy cost savings to underserved communities, and advance opportunities for minority and women-owned businesses. Reactivate is dedicated to ensuring an equitable energy future. We are a young team on a path to be the country’s leading developer, financier and operator of renewable energy projects serving low-income communities. We have set bold targets to harness the power of renewable energy to generate savings for low-to-moderate income households, create jobs for underserved workers, help bring minority and women-owned businesses into the renewable energy supply chain, and help revive neglected communities through tax payments on previously under-utilized land. You can learn more about Reactivate at https://www.reactivate.com/.
At Reactivate, Justice, Equity, Diversity and Inclusion are more than just words to us. These are values at the core of how we build our teams, cultivate our leaders, and create a company where everyone feels valued, appreciated, and free to be who they are. We strive to create workplaces that reflect the communities we serve, and we believe that our differences enable us to be a better team. We are not just looking for a culture fit, we are looking for a culture add. We hope you will consider adding everything that makes you uniquely you, to our growing team.
Responsibilities ⚙️
Finance:
- Responsible for project P&L and ensuring solar portfolio is performing at or above forecast.
- Assist in developing annual budgets for the projects and perform monthly variance analyses
- Manage project contracts to ensure compliance and assist in setting up systems and processes to standardize contract management and reporting including implementation of contract obligations into Asset Management software
- Provide input and review of the pro-forma financial models for generation assets
- Author reports on project performance for investors and lenders
- Assist in cash flow forecasting and management.
- Perform financial analyses of value-add opportunities and operational improvements
- Develop other ad-hoc analyses as needed
- Coordinate with accounting to ensure timely payments, accuracy of billing and revenue and expense allocations
- Ensure project companies and affiliates are operating per equity and debt financing documents
- Review performance reports, investigate issues and create initiatives to improve financial and operational performance of portfolio assets
Operations:
- Collaborate with the operations engineering team to evaluate and improve operational performance
- Coordinate with project O&M staff on other operational items, including major component repair and replacement
- Participate in contract development with outside vendors, from soliciting quotes to participating in final contract negotiation
Regulatory and Compliance:
- Ensure compliance with regulatory requirements and project agreements including:
- Power Purchase Agreements
- Operating Agreements
- Credit Agreements
- Operations and Maintenance Agreements
Requirements 🎓
- Bachelor's Degree in a quantitative discipline such as Business, Engineering, Finance, Economics, or a related field
- Minimum 5 years of relevant work experience required
- Strong understanding of project finance, legal contracts, accounting, and contract/warranty negotiations
- Knowledge of the energy market, and the ability to stay current with changing technologies, regulations, and trends influencing the dynamic adoption of renewable energy
- Commercial mindset, strong prioritization, communication, and organizational skills
- Proficiency with Microsoft suite; Word, Excel, Project, Outlook, and PowerPoint
- Strong learning skills with aptitude to independently research, understand, and implement knowledge in new areas
- Some travel required
- Eligible to work in the United States without the need for employer visa sponsorship now or in the future
Preferred Skills 💡
- Experience in writing, negotiating and managing contracts.
- Experience in the energy industry is beneficial but not required
- Understanding of integrated energy asset operations and prior operational experience is a plus
- Experience with Asset Management software tools
- MBA or other advanced degree
*Upon submission, we want to empower you to record your name via the Name Pronunciation tool so that our hiring team can ensure they are pronouncing your name correctly and that you feel properly acknowledged.